3 Rivers Capital Acquires Interlight

Grain Management Acquires LightRiver Technologies & Software

April 4, 2022

Telecommunications

Grain Management, a private investment firm focused on broadband and communications, has acquired LightRiver's Technologies & Software entities from CVF Capital Partners and Plexus Capital. The deal expands Grain's presence in network services and software—LightRiver provides optical network integration, deployment services and the netFLEX network automation software—financial terms were not disclosed.

3 Rivers Capital Acquires Majority Stake in Gaven Industries, Inc.

March 1, 2022

Manufacturing

Pittsburgh-based private equity firm 3 Rivers Capital has acquired a majority stake in Gaven Industries, Inc., a Saxonburg, Pennsylvania manufacturer of radio frequency (RF) and magnetic shielding for defense, industrial and medical clients. 3 Rivers Capital said it will expand Gaven's operational infrastructure and grow the company's client base to build on its existing market position.

LoneTree Capital Makes $23M Growth Investment in Northern Light Group

January 7, 2025

Cloud & SaaS

LoneTree Capital has made a $23 million growth investment in Boston-based Northern Light Group to accelerate product innovation and scale its enterprise knowledge management platform globally. As part of the investment, LoneTree partners Mike Devine, Rhett Lambert and Peter Bozian will join Northern Light's board; terms were not disclosed.

The Riverside Company Acquires LightHouse Business Information Solutions as Add-on to ProVelocity/IronEdge MSP Platform

June 12, 2023

IT Services

The Riverside Company, via its Micro-Cap Fund, has acquired LightHouse Business Information Solutions as an add-on to its Managed IT Services platform ProVelocity and IronEdge Group. LightHouse, headquartered in Albuquerque, New Mexico (with a satellite office in Olathe, Kansas), provides outsourced IT services to SMBs and local governments across professional services, industrials, healthcare and non-profit verticals; the deal expands Riverside’s MSP footprint in New Mexico and the Midwest.

3 Rivers Capital Acquires Majority Stake in Blue Chip Group

December 1, 2021

Food & Beverage

Pittsburgh-based private equity firm 3 Rivers Capital has acquired a majority stake in Salt Lake City–headquartered Blue Chip Group, parent of the Augason Farms emergency preparedness food brand. The investment is intended to provide capital and operational support to expand Blue Chip's dry food and beverage contract manufacturing capacity and scale Augason Farms' retail and e-commerce distribution.

Phoenix Lighting Acquires Bright Light Systems

February 26, 2019

Manufacturing

Phoenix Lighting, a portfolio company of JMC Capital Partners, has acquired Bright Light Systems, Inc., a Georgia-based lighting manufacturer and controls provider. The deal expands Phoenix's industrial lighting capabilities and adds a specialized lighting controls and monitoring platform to better serve ports, terminals and other heavy-industrial end markets.